News headlines about Astoria Financial Corporation (NYSE:AF) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Astoria Financial Corporation earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media headlines about the savings and loans company an impact score of 47.4732768422289 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- $0.14 Earnings Per Share Expected for Astoria Financial Corporation (AF) This Quarter (americanbankingnews.com)
- Astoria Finl Has Returned 25.2% Since SmarTrend Recommendation (AF) (mysmartrend.com)
- Insider Trading Activity Astoria Financial Corporation (NYSE:AF) – VP Sold 22,250 shares of Stock (4-traders.com)
- Sterling Bancorp and Astoria Financial Corporation Announce OCC Approval (finance.yahoo.com)
- Astoria Financial Corporation (AF) Insider Sells $940,141.88 in Stock (americanbankingnews.com)
Astoria Financial Corporation (NYSE AF) opened at 19.07 on Friday. Astoria Financial Corporation has a 1-year low of $14.11 and a 1-year high of $21.66. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 33.22 and a beta of 0.56. The company has a 50-day moving average price of $19.90 and a 200 day moving average price of $19.77.
Astoria Financial Corporation (NYSE:AF) last released its earnings results on Wednesday, July 26th. The savings and loans company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.03. The firm had revenue of $90.38 million for the quarter, compared to analysts’ expectations of $91.76 million. Astoria Financial Corporation had a net margin of 13.52% and a return on equity of 4.21%. The company’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 earnings per share. Equities analysts anticipate that Astoria Financial Corporation will post $0.54 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, August 3rd. Astoria Financial Corporation’s dividend payout ratio (DPR) is currently 27.59%.
A number of research analysts recently weighed in on AF shares. Keefe, Bruyette & Woods raised Astoria Financial Corporation from a “market perform” rating to an “outperform” rating and set a $25.50 price objective on the stock in a report on Thursday, April 27th. BidaskClub upgraded Astoria Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $17.00 target price on shares of Astoria Financial Corporation in a research report on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Astoria Financial Corporation has a consensus rating of “Hold” and an average price target of $20.25.
In other news, VP Josie Callari sold 28,754 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $19.33, for a total value of $555,814.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Monte N. Redman sold 47,434 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $19.82, for a total transaction of $940,141.88. The disclosure for this sale can be found here. Insiders have sold a total of 435,902 shares of company stock worth $8,613,709 in the last ninety days. 9.76% of the stock is currently owned by insiders.
Astoria Financial Corporation Company Profile
Astoria Financial Corporation is a unitary savings and loan holding company. The Company’s principal business is the operation of its subsidiary, Astoria Bank. Astoria Bank’s primary business is attracting retail deposits from the general public and businesses and investing those deposits, together with funds generated from operations, principal repayments on loans and securities and borrowings, primarily in multi-family and commercial real estate mortgage loans, one- to four-family, or residential, mortgage loans and mortgage-backed securities.
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